https://www.taxtmi.com/caselaws?id=44514 The Supreme Court upheld the Tribunal's decision in a case concerning the determination of wholesale price for excise duty on fabrics manufactured by the appellant-Company. The Court agreed that the transactions through intermediary firms were a device to manipulate assessable value, ruling that the proper assessable value should be the purchase price paid by M/s. Agarcon to the intermediary firms. The Court dismissed the appeal and imposed costs on the appellant. en-us Wed, 05 Feb 1997 00:00:00 +0530 Mon, 07 Jul 2014 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44514 The Supreme Court upheld the Tribunal's decision in a case concerning the determination of wholesale price for excise duty on fabrics manufactured by the appellant-Company. The Court agreed that the transactions through intermediary firms were a device to manipulate assessable value, ruling that the proper assessable value should be the purchase price paid by M/s. Agarcon to the intermediary firms. The Court dismissed the appeal and imposed costs on the appellant. Case-Laws Central Excise Wed, 05 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44514